Alternate Payee Account definition

Alternate Payee Account means the Account established for an Alternate Payee pursuant to a Qualified Domestic Relations Order.

Alternate Payee Account means a separate account created under ORS 243.507 in the name of an alternate payee pursuant to a court order.

Alternate Payee Account means a separate account created under ORS 243.507

Examples of Alternate Payee Account in a sentence

• In the event that an Alternate Payee dies prior to receipt of the amounts due him from an Alternate Payee Account, such amounts shall be distributed to the estate of the Alternate Payee as soon as practicable following the date such amounts would have been distributed to such Alternate Payee.

• In the case of an Alternate Payee, the Distributable Benefit shall mean the Vested Interest in the Alternate Payee Account.

• The Committee shall prescribe procedures for investment of amounts allocated to an Alternate Payee Account.

• No forfeitures shall be allocated to any Plan Account, Rollover Account or Alternate Payee Account.

• No forfeitures shall be allocated to any Voluntary Account, Rollover Account, Deferral Account or Alternate Payee Account.

• The Company shall prescribe procedures for investment of amounts allocated to an Alternate Payee Account.

• In the event that an Alternate Payee dies prior to receipt of the amounts due him from an Alternate Payee Account, such amounts shall be distributed to the estate of the Alternate Payee as soon as practicable following the date such amounts would have been distributed to such Alternate Payee unless the order provides that the amounts shall revert back to the Participant.

• Alternate Payee Account" shall mean the Account opened up and maintained to reflect the interest of an Alternate Payee under the Plan.

• In the event that an Alternate Payee is awarded an interest in the Matching Contribution Account of a Participant whose Vested Percentage in such Account is less than 100%, the Vested Percentage at any time of the Alternate Payee in that portion of the Alternate Payee Account attributable to such awarded interest shall be the same percentage as the Participant's Vested Percentage in his Matching Contribution Account at that time, determined in accordance with Sections 7.1 through 7.3.

• As soon as reasonably practicable after the Committee determines that a Domestic Relations Order satisfies Plan requirements, a separate “Alternate Payee Account” shall be established for the Alternate Payee, and the portion of each of the Participant’s Accounts that was assigned to the Alternate Payee by the Domestic Relations Order shall be transferred to the Alternate Payee Account.

More Definitions of Alternate Payee Account

Alternate Payee Account means the account established for an Alternate Payee pursuant to a Qualified Domestic Relations Order, provided, however, that the Alternate Payee Account shall separately account for all amounts received from (i) the Participant’s Rollover Account and (ii) from all amounts rolled into the Plan by the Alternate Payee pursuant to Section 7.5(b)(ii).

Alternate Payee Account means the account established for an Alternate Payee pursuant to a domestic relations order, provided, however, that the Alternate Payee Account shall separately account for all amounts received from the Participant's Rollover Account.

Alternate Payee Account means the account opened and maintained by the Committee for each Alternate Payee who is awarded an interest in a Participant’s benefits under the Plan pursuant to the provisions of Sections 8.6 and 11.5.

Alternate Payee Account means an account established pursuant to Section 10.3 for the benefit of an Alternate Payee as the result of a Domestic Relations Order.

Alternate Payee Account means a court-ordered separate account created